Inflation in Hong Kong
Consumer price inflation in Hong Kong averaged 2.5% in the ten years to 2022, above the Asia-Pacific regional average of 2.1%. The 2022 average figure was 1.9%. For more inflation information, visit our dedicated page.
Hong Kong Inflation Chart
Hong Kong Inflation Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 2.4 | 2.9 | 0.3 | 1.6 | 1.9 |
Inflation (CPI, ann. var. %, eop) | 2.5 | 2.9 | -0.9 | 2.4 | 2.0 |
Inflation (PPI, ann. var. %, aop) | 2.0 | 1.0 | 2.3 | 1.2 | 0.8 |
Inflation rises in February
Inflation came in at 2.1% in February, which was up from January’s 1.7%. The rise was driven by higher price pressures for transport and food, potentially linked to higher demand for both goods due to the Lunar New Year festivities. Annual average inflation edged up to 2.1% in February (January: 2.0%). Finally, consumer prices rose a seasonally adjusted 0.47% in February over the previous month, swinging from January's 0.09% drop. February's result marked the highest reading since October 2023.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Hong Kong inflation projections for the next ten years from a panel of 29 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Hong Kong inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Hong Kong inflation projections.
Want to get access to the full dataset of Hong Kong inflation forecasts? Send an email to info@focus-economics.com.
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